RNS Number : 0200U
Immotion Group PLC
30 November 2021
 

30 November 2021

 

Immotion Group plc

 

("Immotion", the "Company" or the "Group")

 

Grant of Options

Immotion Group plc (AIM:IMMO) announces the grant of 1,800,000 options to subscribe for new ordinary shares in the Company to the Performance Director of the LBE division.

The new options have been granted pursuant to the Company's Share Option Scheme and have an exercise price of 5.4 pence per Ordinary Share, being the closing price on Friday 26 November 2021.

The new options will vest and be capable of exercise as follows:

Tranche

Proportion of New Options in Tranche

Vesting Criteria

1

33.33%

Subject to continued service, 12 months from the issue date.

 

 

2

33.33%

Subject to continued service, 24 months from the issue date.

 

 

3

33.33%

Subject to continued service, 36 months from the issue date.

 

 

 

Inclusive of these new share options, the Company has a total of 58,729,200 options in issue over Ordinary Shares, representing approximately 14.1% of the Company's current issued share capital.

 

Enquiries:

 For further information please visit www.immotion.co.uk, or contact: 

Immotion Group

 

Martin Higginson

David Marks

 

 

investors@immotion.co.uk

WH Ireland Limited

(Nomad and Joint Broker)

 

 

Adrian Hadden 

Darshan Patel

Ben Good

Tel + 44 (0) 207 220 1666




Alvarium Capital Partners

(Joint Broker)

Alex Davies

Tel: +44 (0) 207 195 1458




Shard Capital Partners LLP

(Joint Broker)

Damon Heath

Erik Woolgar

 

Tel: +44 (0) 207 186 9900

 

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